The Death of Economics

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Wiley, Aug 19, 1997 - Business & Economics - 240 pages
"Important and ingenious . . . ought to be read by every educatedperson." —The Spectator.

Renowned British economist Paul Ormerod explodes currenteconomic theory to offer a radical new framework for understandinghow human societies and economies really operate. His bold andimpassioned arguments about how and why economics should be recastto reflect the current ills of Western society —includingunemployment, crime, and poverty —are both persuasive andcontroversial. Integrating ideas from biology, physics, artificialintelligence, and the behavioral sciences, Ormerod's groundbreakingapproach is sure to have far-reaching repercussions.

"A clear, concise, and yet sophisticated history of economicthought that should be required reading for Economics 101 courses.The fundamental challenge is to view the economy more as anorganism than a machine and place it in its larger political,social, and moral context." —The Washington Post

"A vigorous, informed, and thoughtful critique of the dismalscience." —Kirkus Reviews.

"Crucial reading for the concerned citizen, which ought to meanall of us. . . . This book is very timely indeed." —TheObserver

"Economics has some battles to fight. . . . Unless economistsimprove their ability to analyze and prescribe in an intelligentway, and to provide a modicum of accuracy in their forecasts, thetwentieth-century pseudoscience of economics will become atwenty-first-century museum piece." —Sunday Times(London).

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User Review  - Kirkus

An old Wall Street adage holds that if all the world's economists were laid end to end, they would never reach a conclusion. Ormerod suffers from no such inadequacy in this vigorous, informed, and ... Read full review


Measuring Prosperity
Roots of Economic Orthodoxy
Professional Reservations

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About the author (1997)

PAUL ORMEROD studied economics at Cambridge and Oxford Universities and worked as head of the Economic Assessment unit at The Economist. He was Director of Economics at the Henley Centre for Forecasting and has been a visiting Professor of Economics at the Universities of London and Manchester.

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